Beijing's upgraded commercial districts fuel consumer spending in Q1

0 Comment(s)Print E-mail China.org.cn, April 21, 2023
Adjust font size:

Significant upgrades to the structures and business models of Beijing's commercial districts have fueled a boost in consumer spending during the first quarter of this year.

The introduction of the Liangmahe River cruise tour, the reopening of the New Workers' Stadium, and the installation of futuristic elevators in Wanda Plaza in Wukesong are just a few examples of the upgrades made in various commercial districts.

Since the cruise tour's opening last month, over 300 travel notes have been added to Dianping.com, a city living guide site. Moreover, on-site consumption orders in the business district near the Liangmahe River have doubled year on year since the cruise ship began sailing.

To improve customer services, the Central Business District (CBD) has opened creative restaurants, cafes and bars, and constructed small parks and green spaces as recreational spaces for people working and living in the area. Major shopping hotspots in the CBD, such as Parkview Green Fangcaodi, Beijing SKP, and Shimaotianjie, witnessed online customer traffic double in the first quarter compared to the same period last year.

According to data from the retail platform Meituan, the online transaction volume of 10 key commercial districts, including the CBD, Wangfujing, and Sanlitun commercial complexes, increased by an average of 15% in the first quarter compared to the same period last year.

As part of its goal to become an international consumption hub, Beijing plans to upgrade 54 commercial areas and construct two to three world-class shopping districts valued at 100 billion yuan ($14.53 billion) each by 2025, according to an action plan released by the city's commerce bureau last year.

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter